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Maru Sanlam Collective Investments Capped Swix Enhanced Fund Summary Fact Sheet
South African--Equity--General
 
Technical Overview
Formation Date: 22 Mar 2016
Holdings: n/a
Original Price: n/a
Pricing System: Forward
 
Price (A - Class)
 
Management
Palvi Kala, B Com: Investment Management, B Com (Honours): Financial Management
CURRENT RESPONSIBILITY:

Palvi joined Dibanisa Fund Managers in December 2008. She is responsible for performing the daily fund management of domestic and international investment portfolios.

PREVIOUS EXPERIENCE:

Prior to joining Dibanisa Fund Managers as a portfolio implementation specialist, Palvi worked at FNB Private Clients as an assistant structured lender for two and a half years, where she was responsible for setting up credit portfolios for high net worth clients.
 
Ranking
Sector: South African-Equity-General
Fund Size: R937 375 (as at 30 Sep 2019)
Sector Rank: 59 out of 169
(lump sum over 1 years to 31 Oct 2019)
Overall Rank: 645 out of 1268
(lump sum over 1 years to 31 Oct 2019)
R1000 invested on 31 Oct 2018 was worth R1 079.67 on 31 Oct 2019 (7.97% annual compound return)
R100 per month since 31 Oct 2018 was worth R1 241.92 on 31 Oct 2019 (6.33% annual return compounded monthly)
 
Please note that domestic fund performance figures are calculated on a NAV-NAV basis including dividends reinvested on the reinvestment date, ETFs are reinvested on the ex-div date.
   
Focus and Objective
The primary objective of the MARU MET SWIX Enhanced Fund is to maximise capital growth in the longer term in pursuit of outperforming the FTSE/JSE Shareholder Weighted Index (SWIX) over a rolling three year period. In reaching the investment objective the manager remains cognisant of the construction and weightings of the instruments in the FTSE/ JSE Shareholder Weighted Index (SWIX) and then enhances the returns generated from the SWIX construction by taking active positions in the large capitalisation securities. The large capitalisation securities consists of the Top 60 - 65 shares in the SWIX, based on market capitalisation and liquidity. The return of the SWIX benchmark is therefore enhanced by over and under weighting the large capitalisation shares, within strict weighting limits (capped at a maximum over or under weight of 2% per security), whilst remaining sector neutral. The remaining positions in the SWIX will be weighted relative to the index with no active position (no over or under weight). With this process we are able to generate alpha whilst always remaining sector neutral in the SWIX and benchmark cognisant. The portfolio will invest a minimum of 90% of market value of the portfolio in equities at all times.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The manager may also include forward currency, interest rate and exchange rate swap transactions for efficient portfolio management purposes.

The Manager may also invest in participatory interests or any other form of participation in portfolios of collective investment schemes or other similar collective investment schemes, as the Act may allow from time to time, and which are consistent with the portfolio's investment policy. Where the aforementioned schemes are operated in territories other than South Africa, participatory interests or any other form of participation in portfolios of these schemes will be included in the portfolio only where the regulatory environment is, to the satisfaction of the Manager and the Trustee, of sufficient standard to provide investor protection at least equivalent to that in South Africa.

The Manager will be permitted to invest on behalf of the MARU MET SWIX Enhanced Fund in offshore investments as legislation permits. The Trustee shall ensure that the investment policy, as set out above, is adhered to, provided that nothing contained in the investment policy shall preclude the Manager from varying the proportions of the aforementioned securities and assets in liquid form, or the assets themselves, should changing economic factors or market conditions so demand. For the purpose of this portfolio, the Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager.
 
Latest Fund Manager Comment / News
Maru SCI Capped Swix Enhanced Fund - Sep 18
Market overview

Global economic growth is likely to slow into 2019  ...more
 
News Archive
Click here for complete news archive for this fund.
 
Top Holdings on 30 Sep 2019
Share No Units Value (Rm) % of Fund
Totals   0.00 0.00%
 
Comparative Performance
 
Portfolio Structure as at 30 Sep 2019
Click here for complete portfolio for this fund.
 
Dividend Data
Click here for Dividend History for this fund.
 
Fees and Charges
Click here for fees and charges for this fund.
 
Sectoral Information
Click here for Sectoral Information for this fund.
 


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